Summary
LONDON FTSE 100 CLOSE 6364.2 -195.6
BANKING giant HBOS suffered its largest single-day fall in four years yesterday in one of the most miserable sessions yet for the battered banking sector. The shares tumbled more than 8 per cent on a trading statement, together with news of subprime related write- downs.See the full content of this document
Extract
Banks Are Battered Again On Worries Over Earnings
The bank unveiled a GBP 180 million hit from the credit squeeze. And its warnings of margin pressure came as markets feared intervention by the world's major central banks ma...
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